
Shares of the defensive beverage distributor are down more than 50%. An investment opportunity?
On 4 May 2020, during the first wave of the COVID-19 pandemic, we took a position in C&C Group at a share price of 185 pence. By that point, the stock had already fallen more than 50 percent since the start of the year, which in our view unfairly placed it among the market’s written-off names. The concerns were understandable:
